Prevas AB (OSTO:PREV B) Debt-to-Asset : 0.06 (As of Mar. 2024)

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What is Prevas AB Debt-to-Asset?

Prevas AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr49 Mil. Prevas AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr20 Mil. Prevas AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr1,109 Mil. Prevas AB's debt to asset for the quarter that ended in Mar. 2024 was 0.06.

Prevas AB Debt-to-Asset Historical Data

The historical data trend for Prevas AB's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Prevas AB Debt-to-Asset Chart

Prevas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.09

0.13

0.10

0.07

Prevas AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.09	0.09	0.09	0.07	0.06

Competitive Comparison of Prevas AB's Debt-to-Asset

For the Information Technology Services subindustry, Prevas AB's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Prevas AB's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Prevas AB's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Prevas AB's Debt-to-Asset falls into.

Prevas AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Prevas AB's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(46.42	+	26.329)	/	1060.366
	=	0.07

Prevas AB's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(48.688	+	19.671)	/	1108.959
	=	0.06

Prevas AB (OSTO:PREV B) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Prevas AB Debt-to-Asset Related Terms

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Prevas AB (OSTO:PREV B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Prevas AB (OSTO:PREV B) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

0H2J:UK

Address

Glodgargrand 14, Box 4, Vasteras, SWE, 72103

Website

https://www.prevas.se

Prevas AB is a Sweden-based information technology (IT) company that offers solutions, services, and products to customers, who develop products with high IT content, and need to streamline and automate their operations. The company's products are segmented as automotive, products and units, steel and minerals, defense, energy, life science, manufacturing, engineering, and telecom industries.

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